1981 (12) TMI 78 - AT - Wealth-tax

Summary

The Appellate Tribunal ITAT Indore decided on the valuation of property for wealth-tax purposes. The appeal was partly allowed, with the multiple of 12 1/2 times of capitalization being deemed reasonable instead of the original 16.178 multiple. The first three grounds of appeal were dismissed as they were not pressed during the hearing. The completed portion of the building was rented out.